Seven metricsThe following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets.Property, plant, and equipment (net)$1,421,000Liabilities:Current liabilitiesMortgage note payable, 10%, ten-year note issued two years agoTotal liabilitiesStockholders' equity:Preferred $4 stock, $100 par (no change during year)Common stock, $10 par (no change during year)Retained earnings:Balance, beginning of yearNet incomePreferred dividendsCommon dividendsBalance, end of yearTotal stockholders' equitySalesInterest expenseBeginning-of-the-year amounts:Property, plant, and equipment (net)$1,300,000473,000$48,720100,280Total assets$203,0001,015,000$1,773,000(149,000)$1,218,000$1,218,0001,218,0001,624,000$4,060,000$14,791,300$118,790$ 2,639,0005,014,000Retained earnings1,300,000Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders' equity, and (g) return on common Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders' equity, and (g) return on commonstockholders' equity. Round to two decimal places.a. Debt ratiob. Ratio of fixed assets to long-term liabilitiesC. Ratio of liabilities to stockholders' equityd. Asset turnovere. Return on total assetsf. Return on stockholders' equityg. Return on common stockholders' equity23.08✔ %1.4 ✓0.3 ✔2.97 X%%%

Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

even meun The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets. Property, plant, and equipment (net) $1,421,000 Liabilities: Current liabilities Mortgage note payable, 10%, ten-year note issued two years ago Total liabilities Stockholders' equity: Preferred $4 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales $1,300,000 473,000 $48,720 100,280 $203,000 1,015,000 $1,773,000 (149,000) $1,218,000 $1,218,000 1,218,000 1,624,000 $4,060,000 $14,791,300 Interest expense Beginning-of-the-year amounts: Property, plant, and equipment (net) Total assets 1,300,000 Retained earnings Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders' equity, and (g) return on common $118,790 $ 2,639,000 5,014,000

even meun The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets. Property, plant, and equipment (net) $1,421,000 Liabilities: Current liabilities Mortgage note payable, 10%, ten-year note issued two years ago Total liabilities Stockholders' equity: Preferred $4 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales $1,300,000 473,000 $48,720 100,280 $203,000 1,015,000 $1,773,000 (149,000) $1,218,000 $1,218,000 1,218,000 1,624,000 $4,060,000 $14,791,300 Interest expense Beginning-of-the-year amounts: Property, plant, and equipment (net) Total assets 1,300,000 Retained earnings Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders' equity, and (g) return on common $118,790 $ 2,639,000 5,014,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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